API ReferenceIntegrationsKnowledge Base

Payouts

Payouts are made to contacts. For every payout, you need to specify the amount, the contact and the purpose of the payout. You are eligible to make payouts after sign up, account activation and KYC verification.

A payout is made to a Fund account associated with a Contact.

You can also make payouts in the Test mode.

The payout amount, fees and tax are deducted from your RazorpayX account balance. These appear as a debit against your RazorpayX account.

In case a payout fails at any stage, a reversal is created which results in a credit to your RazorpayX account.

How to Make Payouts🔗

You can make payouts in 3 simple steps:

  1. Add funds to your business account.
  2. Create a Contact and a Fund account. This is similar to adding a beneficiary on your netbanking portal. Know more about adding Contacts and Fund accounts.
  3. Make a payout.

Payout Modes🔗

You can make payouts using any one of the following payout modes. The transaction limits and operating hours for each payout mode is listed in the below table.

Watch Out!
The payout modes are case sensitive. When creating payouts using APIs, ensure payout modes are entered in upper case.

Virtual Account🔗

The following table indicates the payout modes, transaction limits and operating hours for each payout mode for Virtual account:

Payout Mode

Fund Account Type

Amount Limit

Processing Hours

IMPS

bank_account

Upto ₹5 lakh (per transaction)

Credited immediately on all days 24x7

NEFT

bank_account

Upto ₹10 Cr (per transaction)

Credited within 2 hours between 1:00 a.m. and 6:45 p.m. on NEFT working days.*

RTGS

bank_account

Upto ₹10 Cr (per transaction)

Credited in 30 minutes between 9:00 a.m. and 5:15 p.m. on RTGS working days.*

UPI

vpa

Upto ₹1 lakh (per transaction)

Credited immediately on all days 24x7

amazonpay

wallet

Upto ₹10,000 (per transaction)

Gift card sent immediately.


* NEFT/RTGS working days - All days except 2nd and 4th Saturdays, Sundays and any NEFT/RTGS holiday.

* Please contact our Support Team to increase the NEFT/RTGS limit.

Current Account🔗

The following table indicates the payout modes, transaction limits and operating hours for each payout mode for Current account:

Payout Mode

Fund Account Type

Amount Limit

Processing Hours

IMPS

bank_account

Upto ₹2 lakh (per transaction)

Credited immediately on all days 24x7

NEFT

bank_account

Above ₹1 (per transaction)

Credited within 2 hours between 6:00 a.m. and 6:00 p.m. on NEFT working days.*

RTGS

bank_account

Above ₹2 lakh (per transaction)

Credited in 30 minutes between 8:00 a.m. and 5:30 p.m. on RTGS working days.*

UPI

vpa

Upto ₹1 lakh (per transaction)

Credited immediately on all days 24x7**


* NEFT/RTGS working days - All days except 2nd and 4th Saturdays, Sundays and any NEFT/RTGS holiday.
** Currently, the UPI facility is available only for Current Accounts opened through RBL.
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